Tsys today announced that Mark D. Pyke, a 26-year veteran of the payments and financial services industry, has been named president of Tsys Acquiring Solutions, the pre-eminent supplier of acquiring solutions, related systems and integrated support services to the acquiring industry and its customers.
In his new role, Pyke will report to M. Troy Woods, president and chief operating officer of TSYS.
"Mark has held leadership positions in the acquiring industry for more than a decade now, and we couldn't be more pleased to welcome him to the TSYS team," said Woods. "We are looking to leverage his knowledge and expertise to help lead TSYS Acquiring Solutions into the next stage of the company's development."
Pyke joins TSYS on the heels of an announcement that the company signed a joint venture agreement with First National Bank of Omaha to form a new company, First National Merchant Solutions, LLC. The partnership gives TSYS a top-10 presence in the merchant acquiring market in the United States according to The Nilson Report.
Prior to joining TSYS Acquiring Solutions, Pyke served as president of Bank of America Merchant Services in Louisville, Ky. Bank of America Merchant Services was recently ranked as the third largest merchant acquirer in the United States in terms of dollar volume by The Nilson Report. Prior to Pyke's tenure with Bank of America, he held the title of chief operating officer and executive vice president for National Processing Company, also in Louisville, Ky., along with a variety of other positions in the payments and financial services industries.
Pyke holds a Bachelor of Science degree from Northeastern University and master's in business administration from the University of Michigan.